JUE 28 DE MARZO DE 2024 - 17:30hs.
It was presente at Sao Paulo meeting

Lottery sector interested on commercializing LOTEX and participates in road show

FEBRALOT (Brazilian Federation of Lottery Companies) participated in a meeting with BNDES, E/Y and the Ministry of Finance during the LOTEX Road Show at the end of last week in São Paulo. The sector intends to be part of the points of sale of the new lottery that will be concessioned to a private company. The issues to be solved are the commission per sale, the term of payment and the relationship with Caixa.

Lotteries expressed two concerns: the first one is that, obviously, the lottery network needs to be a selling channel for this product, stating that the network has been operating for more than 50 years in this regard in the name of federal government lotteries and this product has to be in the lottery network. At the meeting, this goal was firmly and categorically emphasized, stating the need for the sector to work with the product.

The second point of concern for lotteries is the commercial condition of the product; ie commission per sale and payment term.

According to the sources, the proposals of the category were well received by the representatives of the BNDES, the E/Y and the Ministry of Finance, who advised lotteries to report to Caixa's board of directors to discuss the matter.

The lottery network understands that LOTEX is a good product, should not have left the market and has a lot of interest in this lottery. Lotteries are sure that LOTEX is the right product with a very good payout and that it will be a success and they need to have access to the new business.

Source: Exclusive GMB